![]() Virgin Megastores and Virgin Records operated as entirely separate entities, like many of the other Virgin companies. In 1979 the company opened their first Megastore at the end of Oxford Street and Marble Arch. Virgin's first formal store opened on London's Oxford Street in January or February 1971 (exact date uncertain). The first release on the label was the progressive rock album Tubular Bells by multi-instrumentalist Mike Oldfield in 1973. She suggested Virgin, as they were all new to business, like "virgins". The name Virgin, according to Branson (in his autobiography), arose from a colleague of his when they were brainstorming business ideas. After making the shop into a success, they turned their business into a fully fledged record label, Virgin Records. ![]() ![]() Richard Branson and Nik Powell had initially run a small record shop called Virgin Records and Tapes on Notting Hill Gate, London, specialising particularly in " krautrock" imports, and offering bean bags and free vegetarian food for the benefit of customers listening to the music on offer. Further information: Virgin Megastores UK Branson's early business ventures
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